Elite Pharmaceuticals Inc (ELTP)

[HGiLS]

April's fool !!!

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Holy sh*t!!!!! - Nasrat is going to JAIL!!!!! - Or a least a HUGE fine!!!!! (Class Action Lawsuit)

I didn't realize this was RIGHT in the middle of Mikah having "ceased operating" and also "winding down and LIQUIDATING its assets".

LOOK AT THIS TIMELINE:

2015 10-K - "Mikah has accordingly ceased operating and is in the process of winding down and liquidating its assets."

2016 10-K - "Mikah has accordingly ceased operating and is in the process of winding down and liquidating its assets."

2016 - While Hakim was CEO of Elite in 2016, Mikah purchased trimipramine ANDA from TEVA divestiture.

2017 10-K - "Mikah has accordingly ceased operating and is in the process of winding down and liquidating its assets."

2017 - Mikah made supply & distribution agreements with Epic & Dr. Reddy - all of it while telling Elite shareholders that Mikah was dead. Two weeks after signing the distribution agreement with Dr. Reddy, Mikah sold it to Elite for $1.2M plus interest.

2018 10-K - "Mikah has accordingly ceased operating and is in the process of winding down and liquidating its assets."